Samson Mow takes a subtle swipe at Ethereum (ETH), is XRP next?
U.Today: Samson Mow, CEO of investment firm Jan3 and prominent (BTC) evangelist and bull, has taken his defense of the major coin to a new level. In his last post on
Samson Mow Analogy
According to Samson Mow, silver is the poor man's gold, a statement that shows that investors who find the latter too expensive often opt for the former. While both are respected metals and investment assets, gold is still considered the superior of the two.
Samson Mow deflated Ethereum's ego to end the long-running debate over superiority with Bitcoin. The vocal investor noted that “Ethereum is the stupid man's Bitcoin,” a statement that scared members of the ETH community.
By valuation, Bitcoin's market capitalization currently stands at $809,923,408,001, while Ethereum's stands at $297,575,053,741. The price spreads from $41,344.01 to $2,476.66 also show that Bitcoin is the more valuable of the two. Over time, there have been talks about transferring capital from BTC to ETH, a trend that could be amplified in the coming months if key Ethereum fundamentals come into play.
The harsh criticism of Ethereum was not well received by members of its community, with some pointing out key improvements the protocol has made as a blockchain itself.
It is next?
Like Bitcoin Maxi, one of the commenters on his post asked Samson Mow what he thinks about XRP if Ethereum is the poor man's Bitcoin. He simply responded that the lawsuit is “difficult.”
Samson Mow's confidence in Bitcoin has him forecasting a price target of $1 million, and his lack of confidence in XRP and Ethereum has certainly made his bearish stance subtle.
This article was originally published on U.Today.
